Urgent.News

What's breaking now, across thousands of outlets.

Business

Dax aktuell: Dax notiert im Minus – Ölpreise steigen wegen neuer Eskalation im Nahen Osten

Sorgen um Tech-Aktien, Frankreichs Finanzlage und steigende Ölpreise belasten die Märkte. Anleger blicken auf Konjunkturdaten aus der Euro-Zone.

Original German Read in English

Dax aktuell: Dax notiert im Minus – Ölpreise steigen wegen neuer Eskalation im Nahen Osten

Düsseldorf – The DAX index opened in the red on Friday, ending the trading day 0.5 percent lower at 25,234 points. Investors remained unsettled on Thursday due to concerns over the technology sector, negative assessments of corporate balance sheets, and rising oil prices. By the close of trading, the DAX had slipped 1.1 percent to 25,371 points.

On the US exchanges, the sell-off of tech stocks continued following strong quarterly results for companies like Meta and SpaceX. However, relief from the impressive US tech earnings proved short-lived as investors focused on the high costs of artificial intelligence. French market turbulence also weighed on sentiment, with the French bond market exhibiting fresh volatility.

As market participants look ahead to developments in France, the credit rating agency Moody's is reviewing France's creditworthiness. A downgrade could further raise the risk premiums attached to French government bonds, potentially impacting the euro and European banks. Additionally, Purchasing Managers' Index (PMI) figures for the Eurozone will be released, with particular attention expected for the French results.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Friday 23 October →